Today, the exchange rate between the US dollar and Appleland's currency is $1.000=AAA7.506, and between the US

Fantastic news! We've Found the answer you've been seeking!

Question:

Today, the exchange rate between the US dollar and Appleland's currency is $1.000=AAA7.506, and between the US dollar and Bananaland's currency is $0.519=BBB1.000.

Calculate the implied cross-rate between Appleland's and Bananaland's currencies, expressed as the amount of AAA per one unit of BBB.

Do NOT use units in your answer, and only put your numeric answer.
Round your answer to FOUR decimal places, for example, 1.2345

Related Book For answer-question

Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

See More Books

Posted Date: Jun 07, 2023 06:05 AM

See More Questions

Your fund has had the following returns (in excess of the risk-free rate, and annualized), over the last 12 months: Month 1 2 3 4 5 9 7 8 Fund excess Market return excess return (annualized)...
In New York, you can exchange $1 for 0.8319 or 0.6429.Suppose that, in Berlin, 1 pound costs 1.2507.How much profit can you make on $21,368 using triangle arbitrage? Enter your answer rounded to two...
A 1-m3 insulated tank contains air at 1 MPa, 560 K. The tank is now discharged through a small convergent nozzle to the atmosphere at 100 kPa. The nozzle has an exit area of2 x 10-5 m2. a. Find the...
Stewart Industries sells its finished product for $9 per unit. Its fixed operating costs are $20,000, and the variable operating cost per unit is $5. a. Calculate the firms earnings before interest...
In Problems 2130, use Half-angle Formulas to find the exact value of each expression. sin(-)
Mr. Prestages foot and lower leg were caught in a combine manufactured by defendant SperryNew Holland. He and his wife sued Defendant for damages arising out of the accident. Their first cause of...
Apex Corporation is considering the purchase of Pinnacle Company in a stock-for-stock exchange. Selected data on the two companies are shown in the following table: Assume that there are no...
Why is it important to learn SQL? In which jobs you need to know SQL? 2A- What is the definition of DML and DDL? Give examples in each case. 2B- Consider the following two tables below: VENDOR and...
Gordon Temper is a single taxpayer (birthdate July 1, 1985, and Social Security number 242-11-6767) who operates a food truck that specializes in food from South Africa. His business is named "Mobile...
Chuck Wagon Grills, Incorporated, makes a single product-a handmade specialty barbecue grill that it sells for $210. Data for last year's operations follow: Units in beginning inventory Units...
Marxist and Marxian crisis theory Basic variables of the crisis (i) Why study the behavior of the GDP of the Mexican economy in the long term? Expose its scope and limits. (ii) Do you consider that...
Research the recent challenges with microchips across the globe. The following questions are useful guides: How does the market for chips impact the market for other goods? What are the implications...
John Smith, manager of Smith Foods, needs assistance in preparing the company's balance sheet at December 31, 2019. Financial information available is as follows: Account Title Mortgage payable...
Dr. Seegert is an avid landscaper and gardener, resulting in the most beautiful house on his block. This increases property values on his street, resulting in a positive consumption externality for...
My Market Assignment According to Investopedia, "A market is a place where two parties can gather to facilitate the exchange of goods and services. The parties involved are usually buyers and...
Which of the following are true of the Naive Bayes algorithm?(select all that apply.) Naive Bayes cannot outperform more complicated classifiers No holdout or validation set is required with Naive...
Swifty company is a publicly held corporation whose $1 par value stock is actively traded at $30 per share. The company issued 3400 shares of stock to acquire land recently advertised at $93000. When...
Under what circumstances are firms likely to produce more of a good or service? Under what circumstances are firms likely to produce less of a good or service?
Suppose that a frost in Florida reduces the size of the orange crop, which causes the supply curve for oranges to shift to the left. Briefly explain whether consumer surplus will increase or decrease...
An article on bloomberg.com about the Japanese economy noted, "Whether the 2.4 percent annualized gain in gross domestic product reported Wednesday can be maintained depends on consumers stepping in...
The group $\mathrm{D}_{3}$ in Schoenflies notation (32 in international notation, which is read "three-two"; see Table 5.1 ) consists of the proper (those not reflections or inversions) covering...
Derive the two-dimensional matrix representation Tic)=(2) Tin)=(3) Tex)=(37) (69) T(c2b)= 1 TO)-(71) 10-(11) TO=(9) = for the group D3, using the basis (e1, e2) defined in the following figure.
Prove that the matrix representation of $\mathrm{D}_{3}$ worked out in Problem 5.6 is irreducible. Data from Problem 5.6 Derive the two-dimensional matrix representation Tic)=(2) Tin)=(3)...

Today, the exchange rate between the US dollar and Appleland's currency is $1.000=AAA7.506, and between the US

Question:

Expert Answer:

To calculate the implied crossrate between Applelands and Bananalands currencies we c... View the full answer

Economics

Students also viewed these finance questions